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The Freeman Company has $80 million of assets which are financed by $30 million of debt and $50 million of equity. Last year net income
The Freeman Company has $80 million of assets which are financed by $30 million of debt and $50 million of equity. Last year net income was $7 million. Calculate what Freeman's return on assets ratio (ROA) would have been if $5 million of the $80 million of assets, financed with debt, had been leased instead of purchased and kept off the balance sheet. a. 9.33%. b. 28.00%. c. 15.56%. d. 8.75%. If the exchange rate between the euro and the Japanese yen is JPY 125.00 per EUR, and the rate between the British pound and the yen is JPY 160.00 per GBP, what is the euro/pound cross rate? a. EUR 1.2800 per GBP. b. EUR 0.7813 per GBP. C. GBP 0.5000 per EUR. d. GBP 2.0000 per EUR
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